Meryl Streep and Karl Lagerfeld have both released new statements in regard to their "feud" — or misunderstanding — regarding whether she would be paid to wear the designer's gown at the Oscars tonight.

Now, after a few days of simmering feud feelings after Lagerfeld's "cheapness" comment made Streep look, well, not great, both parties have released new statements updating their positions in the affair.

To Lagerfeld's credit, he apologized a bit in his statement, acknowledging he may have misunderstood Streep's motivations, saying in full:

It was reported by WWD on Thursday that Meryl had been interested in a gray silk dress from the designer's recent couture collection and asked the neckline to be changed for the Oscars.

The fashion house had reportedly acquiesced to her request and begun working on the dress when, according to Karl, he received a phone call from the actress' camp that said, "'Don't continue the dress. We found somebody who will pay us.'"

It helped, of course, that they were wearing some of the finest creations Karl's ever made!

Kendall was a silver siren in a pewter look featuring a riot of feathers along the skirt which tapered off into a sheer embellished tail, while Bells channeled midnight magic in a navy dress featuring embellished skirt and matching over-the-knee boots!

But, really, it was Lily-Rose who stole the show in a magnificent pink ruffled number that could only be worn by a fairy queen on her wedding day! Or coronation, if you prefer.

But it's obvious the fashion world continues to turn a blind eye to the many people who have repeatedly called them out for taking traditionally black styles and putting them on white models, without properly crediting black culture for giving them the ideas in the first place.

At this point we wonder if they'll ever learn.

And we'd just like to add that, at the very least, Mr. Lagerfeld could've chosen a black model for this campaign.

As we previously reported, Britney Spears' baby daddy has requested an increase in his $20K a month child support stipend. While it's said that Godney isn't THRILLED at the request, she's letting her poppa negotiate a deal with KFed.

And it appears that negotiations are well under way, though Mr. Spears is NOT impressed with his former son-in-law!